Stock prices are continuing to fall sharply across the globe today, following the collapse of Lehman Brothers and Merrill Lynch, two of the world’s largest investment banks. On Monday, the Dow Jones index fell 504 points. It was the Dow’s sixth-largest point drop ever. We speak with the Rev. Jesse Jackson, who heads up the Wall Street Project, about the crisis, as well as about Barack Obama’s historic Democratic presidential nomination and his pledge to escalate the war in Afghanistan. [includes rush transcript]

Pakistani border troops allegedly foiled a US raid on Pakistani territory Monday. Details of the incident remain unclear, but according to an anonymous Pakistani intelligence official, the troops fired warning shots at American helicopters near the border after US soldiers got out of them and tried to cross into Pakistan. The US military has denied the operation. This follows weeks of strikes by American Predator drone aircrafts and prompted an outcry inside Pakistan. We speak with Tariq Ali, whose new book, The Duel: Pakistan on the Flight Path of American Power, takes a new a look at Pakistan and its fraught relationship with the United States. [includes rush transcript]

Amy Goodman with Denis Moynihan — What price would you pay not to kill another human being? At what point would you commit the offenses allegedly perpetrated by Sgt. Bowe Bergdahl, who was charged Wednesday with desertion and “misbehavior before an enemy?”